An X user claimed that starting rom 1 April, transfers above Rs 2,000 via UPI will be taxed. The 1.1% tax has been applicable only on Prepaid Payment Instruments since 2023.
The license, granted by the country's payments authority, came as Paytm Payments Bank will cease to operate on 15 March, following regulatory action due to non-compliance with certain norms.
Competition Commission of India also slapped Rs 936-cr fine on Google Tuesday. In a 199-page order, CCI asked the firm to adopt 8 remedies or operations adjustments within three months.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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